REI Lense

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$2,220 (target)

101 Finley Dr, Martinsville, VA 24112

3 beds • 2 baths • 1153 sqft

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This property might be a fair Mid-Term investment with a projected 9.08% first-year return on $56,451 initial cash invested.

9.08%

Cash On Cash

9.55%

Cap Rate

1.55

DSCR

$2,220

Rent

$427

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,220 income − $1,793 expenses = $427 cash flow

Income$2,220Mortgage P&I$94142%Property Taxes$342%Insurance$633%Management$26612%CapEx$894%Vacancy$673%Maintenance$894%Other$24411%Cash Flow$427

Investment Breakdown

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Purchase Price

$183k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,451

Downpayment

20%

$36,620

Closing costs

1%

$1,831

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,220

Total Expenses

$1,793

Mortgage P&I

42%

$941

Property Taxes

2%

$34

Home Insurance

3%

$63

HOA

0%

$0

Property Management

12%

$266

CapEx

4%

$89

Vacancy

3%

$67

Maintenance

4%

$89

Other

11%

$244

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